Brief: Eurocommercial Properties FY IFRS Profit Up At EUR 104.7 Mln

Eurocommercial Properties NV

25/03/2022 06:50

March 25 (Reuters) - Eurocommercial Properties NV
 ECMPA.AS :
    * FULL YEAR RESULTS 2021
    * FY IFRS PROFIT UP TO €104.7 MILLION COMPARED TO €50.3
MILLION
FOR THE 12 MONTH PERIOD IN 2020
    * PROPOSE TO PAY A DIVIDEND OF €1.50 PER SHARE IN CASH
    * RENTAL INCOME, INCLUDING JOINT VENTURES FOR THE 12 MONTHS
TO 31
DECEMBER 2021 WAS €208.7 MILLION
    * END-FY 2021 EPRA EARNING EUR 107.8 MILLION VERSUS EUR
109.5
MILLION YEAR AGO
    * ALTHOUGH TODAY COMPANY’S OPERATIONS ARE NOT DIRECTLY
IMPACTED BY
THE WAR IN UKRAINE, CONSUMER CONFIDENCE AND SPENDING IN OUR
MARKETS COULD BE AFFECTED
    * UNDER THE CURRENT CIRCUMSTANCES AND GIVEN THE OUTLOOK FOR
2022,
WE DO NOT EXPECT TO GRANT ANY RENT CONCESSIONS IN 2022
    * END-FY LOAN TO VALUE RATIO (ON THE BASIS OF PROPORTIONAL
CONSOLIDATION) REDUCED FURTHER TO 40.5%
    * WE EXPECT NORMAL TRADING  PATTERNS IN OUR SHOPPING CENTRES
TO BE
MAINTAINED

Source text for Eikon:  ID:nGNE1k0sdX 
Further company coverage:  ECMPA.AS 

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